Q2 Holdings, Inc. (QTWO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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QTWO Revenue Growth
Revenue Breakdown (FY 2025)
QTWO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
QTWO Revenue Analysis (2014–2025)
As of May 8, 2026, Q2 Holdings, Inc. (QTWO) generated trailing twelve-month (TTM) revenue of $821.6 million, reflecting strong growth of +14.1% year-over-year. The most recent quarter (Q1 2026) recorded $216.5 million in revenue, up 4.0% sequentially.
Looking at the longer-term picture, QTWO's 5-year compound annual growth rate (CAGR) stands at +14.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $794.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows QTWO's business is primarily driven by Subscriptions (82%), Product and Service, Other (10%), and Transactional Services (9%). With over half of revenue concentrated in Subscriptions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including NCNO (+12.1% YoY), IBCP, and ALKT (+32.7% YoY), QTWO has underperformed the peer group in terms of revenue growth. Compare QTWO vs NCNO →
QTWO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| QTWOCurrent | $822M | +14.1% | +14.6% | 5.7% | |
 NCNO | $541M | +12.1% | +31.4% | -3.4% | |
 IBCP | $315M | - | - | 25.8% | |
 ALKT | $444M | +32.7% | +31.7% | -12.1% | |
 JKHY | $2.4B | +8.4% | +7.0% | 23.9% | |
 FIS | $10.7B | +7.6% | -3.2% | 16.5% |
QTWO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $794.8M | +14.1% | $429.6M | 54.0% | $45.6M | 5.7% |
| 2024 | $696.5M | +11.5% | $354.5M | 50.9% | $-42,263,000 | -6.1% |
| 2023 | $624.6M | +10.4% | $302.7M | 48.5% | $-86,057,000 | -13.8% |
| 2022 | $565.7M | +13.4% | $256.3M | 45.3% | $-104,761,000 | -18.5% |
| 2021 | $498.7M | +23.8% | $225.0M | 45.1% | $-77,995,000 | -15.6% |
| 2020 | $402.8M | +27.7% | $174.6M | 43.4% | $-99,833,000 | -24.8% |
| 2019 | $315.5M | +30.9% | $153.0M | 48.5% | $-50,719,000 | -16.1% |
| 2018 | $241.1M | +24.3% | $119.2M | 49.5% | $-31,850,000 | -13.2% |
| 2017 | $194.0M | +29.1% | $94.5M | 48.7% | $-26,907,000 | -13.9% |
| 2016 | $150.2M | +38.0% | $72.8M | 48.5% | $-35,718,000 | -23.8% |
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Start ComparisonQTWO — Frequently Asked Questions
Quick answers to the most common questions about buying QTWO stock.
Is QTWO's revenue growth accelerating or slowing?
QTWO maintains +14.1% revenue growth, in line with its 5-year CAGR of +14.6%. TTM revenue stands at $822M. Growth rate remains consistent with historical average.
What is QTWO's long-term revenue growth rate?
Q2 Holdings, Inc.'s 5-year revenue CAGR of +14.6% reflects the sustained expansion pattern. Current YoY growth of +14.1% is near this long-term average.
How is QTWO's revenue distributed by segment?
QTWO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.